ACE Limited : ACE USA Enhances Its International Casualty Coverage
05/23/2012| 12:00pm US/Eastern
Provides Protection for Industry-Specific Multinational Commercial
ACE USA, the U.S.-based retail operations of the ACE Group, today
announced the launch of its enhanced international casualty coverage,
ACE ATLAS CMPSM, which is specifically designed to provide
coverage for U.S.-based multinational organizations with complex
exposures in targeted industries, including construction, energy,
manufacturing and business and professional services organizations. ACE
Foreign Casualty, a division of ACE USA, uses controlled master programs
(CMP) to provide a master policy for the insured's difference in
limits/difference in conditions coverage in conjunction with local
admitted policy placements to ensure that gaps in coverage are minimized.
These enhanced coverages allow ACE USA to offer insurance programs to
those growing industries facing challenging risks around the world. ACE
also has the ability to coordinate locally admitted policies across the
entire ACE global network - and through ACE
WorldviewSM, a web-based information portal for risk
managers and brokers with multinational insurance programs, clients can
access this system for an up-to-date status of their entire global
"With the dramatic increase in international commerce, travel and
contract work being performed overseas, ACE's enhanced foreign casualty
product offering and access to our global network can help multinational
clients navigate the complexities of conducting business worldwide,"
said Bryan Tedford, Senior Vice President, ACE Foreign Casualty.
"Providing this centralized industry-specific program offers the client
a single access point and lower cost by reducing the administrative
expenses incurred when managing multiple policies worldwide. As a leader
in providing innovative risk management solutions, we are pleased to
assist our clients in the territories where they do business."
The ACE ATLAS CMP Program provides a broad range of coverage benefits
and program structures for U.S.-based multinationals. Specifically and
subject to underwriting criteria, the program offers the following
Project specific programs
Contingent and locally admitted automobile
Foreign voluntary compensation and repatriation.
Locally admitted workers compensation and locally admitted employers
Contingent employers liability
Program structures include: guaranteed cost, deductibles, and
self-insured retentions; captives and retros.
Key Features of ACE's ATLAS CMP Program:
Ability to deliver borderless international casualty programs
worldwide through a single point of service
Delivers cost and administrative efficiencies, with policies
integrated under one CMP
Ensures the proper coverage in compliance with local laws and customs
for global employee populations
Includes valued services offered through extensive network of
multinational insurance professionals and access to best-in-class
network of global claim professionals
Option for Executive Assistance Services®, including repatriation
Access to ACE
WorldviewSM - a web-based information portal
for risk managers and brokers with multinational insurance programs
ACE's international casualty product suite offers insurance solutions
for U.S.-based companies and organizations that have operations or
employees who travel outside the U.S. Offerings range from simple
package policies to complex multinational programs with sophisticated
risk transfer options. For more information about these products,
including ACE ATLAS CMP Program, please visit
our website or contact Bryan Tedford at email@example.com
Insurance is provided by insurance companies within the ACE Group. All
products may not be available in all jurisdictions. The product
information above is a summary only. The policy that is issued contains
the terms, conditions and limits of the contract.
ACE USA is the U.S.-based retail operating division of the ACE Group,
and is rated A+ (Superior) by A.M. Best Company and AA- (Very
Strong) by Standard & Poor's. ACE USA, through its underwriting
companies, provides insurance products and services throughout the U.S.
Additional information on ACE USA and its products and services can be
found at www.acegroup.com/us.
The ACE Group is a global leader in insurance and reinsurance serving a
diverse group of clients. Headed by ACE Limited (NYSE:ACE), a
component of the S&P 500 stock index, the ACE Group conducts its
business on a worldwide basis with operating subsidiaries in more than
50 countries. Additional information can be found at: www.acegroup.com.
ACE North America Communications
Carla Ferrara, 215-640-4744
© Business Wire 2012